BSTR Holdings Secures $65 Million Ahead of Merger with CEPO

According to BlockBeats, BSTR Holdings Inc. has announced the successful raising of an additional $65 million, equivalent to approximately 555 bitcoins at the current price. This funding will be available following the completion of its business merger with Cantor Equity Partners I, Inc. (NASDAQ: CEPO). On July 17, BSTR Holdings Inc. revealed a definitive business merger agreement with CEPO, a special purpose acquisition company (SPAC) initiated by an affiliate of Cantor Fitzgerald, a leading global financial and real estate services holding company. Post-merger, the combined entity will trade under the ticker symbol "BSTR." BSTR plans to start its balance sheet with 30,021 bitcoins, positioning it as the fourth-largest publicly listed bitcoin treasury globally. The company also aims to secure up to $1.5 billion in PIPE (Private Investment in Public Equity) financing, marking the largest PIPE financing announced in a SPAC merger related to a bitcoin treasury to date. Additionally, the SPAC will contribute approximately $200 million, subject to shareholder redemptions.